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Make a website for E-Cell and give an extensive online coverage in various social networking sites
A comprehensive website providing in depth knowledge of entrepreneurship has to be created. The website must include recent news, and resource bank; provide free business tools, log-in ids for students and corporates, notice board and knowledge management tools. Recent Updates-- This section of the website will contain all the recent happenings in the field all collected at one place to keep the readers updated with the recent happenings in the field. Resource Bank-- Resource Bank will contain free online archive of entrepreneurship resources for learning and teaching. The resource bank will have videos, case studies and other entrepreneurship skill development material. Notice board-- This section of the website will have all the upcoming events that E-cell is undertaking. All the announcement of the E-Cell will be made through this section. Log-In Id-- Log-in Ids will be provided to all the members of the club; students as well as corporates. This section will provide as an industry interface for the students as they can direct their questions towards specific corporates and get the necessary guidance from them. Knowledge Management KM tools are very essential part of any organisation as they help to develop the organisation as a whole. The in depth knowledge of one of the member of the organization can be used for solving/guidance in future as well even after the member is not in contact with the group. Free Tools for business this section will provide free business tools like 12 month cash flow statement, 12 month Sales forecast etc., which are helpful for small organizations in running their business efficiently.
2. Register E-Cell under NEN
Registration under NEN will provide a strong boost to the E-cell as NEN has a very strong knowledge as well as membership base. NENworks with faculty and students to initiate and expand their entrepreneurial activities, this way NEN well help us build our own high impact entrepreneurship program on our campus. NEN is highly recognized and being associated with NEN will lend credibility to IIM Shillong s E-cell. NEN's campus based programs are structured to motivate members to view entrepreneurship as a desirable career. NEN provides members with the knowledge, skills and the network to succeed. Entrepreneurship skills include opportunity identification, creating value, and leveraging resources - all skills that help one succeed in multiple situations. Registering as a member of NEN will give our E-cell an interface with many Venture Capitalists and Private Equity firms which can help the club in initiating all the entrepreneurial activities of the club.
e. IIM s have collaborated in coming up with various magazine but till now no two IIM s have organised a Entrepreneurship fest or seminar. with thousands of members and more than 50 B-schools in partnership with it. It will be great if we are able to pull off such a collaboration as it will be very useful for us in making a good network which will help in the growth of our E-cell but my personal opinion would be that it would be highly optimistic view and instead of collaborating with other IIM s we should focus on other Entrepreneur fostering organizations. Getting a trademark for the name of the enterprise and copyright of the logo restricts others from using the same name and logo for their business.3. it continues to exist even if all its members die or desert it. But gaining the support from other IIM s is a very optimisticplanas there is sense of competition among all the IIM s so gaining support from other IIM s will be very difficult. A private company also enjoys the continuity of existence i. 4. A private company has an independent legal existence and it is relatively less cumbersome to organise and operate it as it has been exempted from many regulations and restrictions to which a public limited company is subjected to. it provides a platform for direct online events. We being one of the younger IIM s don t have a huge alumni base as compared to the other older IIM s so such collaboration with other IIM s will benefit us in gaining outside help. which is very essential in today s competitive world and also provides the company its own distinct identity A private company is preferable as it gives owners the advantage of limited liability but at the same time gives them full control over the business within a limited circle and also the owners are able to maintain the privacy of the business. Register E-Cell as an enterprise/company Registering as a company lends more credibility to the E-cell as it will be registered with the government authorities and is perceived with more faith by the customers. A different kind of B-plan contest be organized in which we can give teams a product for market research and feasibility analysis that should we (as the company) launch the product or not and then the second stage would be a complete B-Plan formulation for the company. 5. The online event can itself be marketed using the huge marketing potential that dare2compete has. We need to strengthen this partnership with dare2compete and should organize a completely online IIM Shillong s BSchool event. Registering as a company also prevents other companies to register under the same name so makes the comp any unique in its area of operation. Organize one very innovative competition for B-Plan We are already a partner of dare2compete an online platform for conducting quizzes and other competitions. Dare2compete is different from the conventional quizzing sites which work with concept of downloading and then uploading the answers back to the site. Build a strong network with other IIMs E-Cells Building a very strong network among IIMs E-cells will definitely help a lot in creating a strong pan IIM network which will ultimately help all IIM s. .
E-cell can target start-up companies as they can provide live projects where students can hands on experience of starting a new business. The partnership with Entrepreneurship fostering organizations like NEN(National Entrepreneurship Network) and TiE(The Indus Entrepreneur) will help in getting projects from different parts of the country even from parts of country where E-Cell of our institute doesn t have a direct contact. we would like to have more live projects. If any start-up organization comes up with a live project it will be a win win situation for both. The main aim of E.com/index. Registering as a member of NEN will give our E-cell an interface with many Venture Capitalists and Private Equity firms which can help the club in initiating all the entrepreneurial activities of the club. E-cell can organize a one or two day summit and invite various industries including start-ups. It will be based on the revenue growth. At least two more in the next three months. Due to the accessibility limitation we can organize a completely online event in partnership with dare2compete. the participating companies can also give the students various projects related to client work.php 6. http://www. 7.dare2compete. problem areas in company's sales or operations or to get market feedback on its product. In addition to the existing live projects. The data on consumers. For any entrepreneurship cell to grow and increase its dominance it needs a strong financial backup. The online competition platform has a huge network which can be used to our advantage. firms and products will be provided and the selection will be based on theincrease in Share Price Index. These fair will aim at providing a platform to students to connect with start-ups and to encourage them to become entrepreneurs. Build a network with VCs and PEs all over India. profitability. 2) To prepare a B-Plan for the company producing that product. the organization as it will get advice for efficiently running its business and the students as they get live experience of something similar to starting their own business that too with investing their own capital. helping the start-up in strategic decision making and to even help individuals having a business idea to start their own company in its incubation centres.cell is to promote entrepreneurship mainly by spreading the knowledge about the various skills required . market share etc.Details B-plan contest will have 2 stages. etc. The B-plan will focus on market analysis and management decision making regarding the product. 1) Market analysis and feasibility study for the product to be launched. Apart from the industry interaction. .
org/ .html The SouthAsia Enterprise Development Facility The SouthAsia Enterprise Development Facility (SEDF) is a multi-donor facility managed by the International Finance Corporation (IFC) of the World Bank Group. facilitating grassroots level internships and mentoring youth led social ventures.org SIDBI Venture Capital Limited SIDBI s venture fund is intended to provide a window to entrepreneurs with ventures that have special characteristics to be innovative but may not qualify for assistance through the conventional route of term financing. with characteristics of high risk and high return.As Wikipedia states it. Nepal and North East India. Bangladesh. Concrete proposals required. SSI units involving new and untried processes and technologies that have scope for commercial application. SEDF focuses on the needs of the Small and Medium Enterprises (SMEs) in Bangladesh.TiE itself being a non-profit organization doesn t provide any funding. We should venture into Social Entrepreneurship.sidbiventure. Based in Dhaka. Aavishkaar India Micro Venture Company Ltd also provides funds for the development of industries in rural areas.Registering as a TiE member will help bringing in more funds from various Private Equity and Venture Capitalist firms in contact with TiE.sedf. social business plan and blogging competitions.in/index. http://www. Bhutan. we should focus on creating value in the society as in the end its not just about balance sheets. may be considered. Others (we need specific ideas from your side if any. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize. The objective of SEDF is poverty alleviation through SME development. With this objective NSEF establishes student run chapters at each university which conduct various activities to create an ecosystem that will produce the next generation of social entrepreneurs.) Register with National Social Entrepreneurship Forum All Premiere B schools focus on entrepreneurship focusing on profits and returns.co. http://nsef-india. E-cell can register with National Social Entrepreneurship Forum.aavishkaar.in 8. TiE group is very instrumental in the development of entrepreneurial activities all across the globe and the nearest TiE centre is in Kolkata. http://www. NSEF activities include skill building workshops. E cell can have a incubation centre where a new business idea for a company to be established in the rural area can be sponsored by the Aavishkaar group. The more the better. but TiE itself provides a medium for many VC and PE s to interact with the aspiring entrepreneurs. and manage a venture to make social change (a social venture) . NSEF has a mission of promoting social entrepreneurship in universities across India. http://www. create.
.org/chapterHome/membership/Member200706292990468065/viewJoinMemberPT Sponsorship Brochure We need to develop a sponsorship Brochure stating our vision and all the other activities . The conferences organized by TiE provide a platform for the likeminded people to interact and have a mutual gain. Apart from that the venture capitalist and other investors can interact with the aspiring entrepreneurs. Draper Richards. Accel.tie.Register with TiE TiE is recognized as an important networking forum for entrepreneurs and investors. Greylock. TiE has a large resource available for learning and training on Entrepreneurship. with a total membership exceeding 13.000.Having TiE membership also provides a sense of credibility to the E-cell. It is a global non-profit dedicated to fostering entrepreneurship and has 54 chapters in 13 countries. this will can be used while interacting with the industry and seeking sponsorships for all the different projects which will be undertaken by the E-Cell. New Enterprise Associates. Bay Partners. http://www. TiE's sponsors include nearly all the major Venture capitalist firms like Kleiner Perkins. Norwest.
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